1031 Exchange Property with Two
For Sale
$975,000
135 W 8th, Chico, CA 95926
Commercial Sale, Chico, CA
Property Size7,500 SF
Price / SF$130
Days on Market170
Property Features for 135 W 8th
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Near 8th Ave and Esplanade
Standard status
Active
APN
003574002000
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Current Tenants
Guido's Auto Precision, Fusion Fitness
Real Estate Included
Yes
Amenities
office
bathroom
assigned parking
glass storefront street side
high visibility
Building Details
Year built
1985
Buildings
1
Listing Agency:
Keller Williams Realty Chico Area
(530) 809-3700
Listed By:
Rob Haley · License #01952160
(530) 228-3482
Added: May 19
Changed: Nov 2
Last Checked: Nov 4 at 11:06AM
MLS# SN26108944
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 7,500-square-foot insulated metal building contains two 3,750-square-foot suites, each with an office and bathroom. Both suites are leased. Guido's Auto Precision has operated in the rear suite since the building was constructed in 1985, while Fusion Fitness occupies the front suite, which has assigned parking.
The property includes a glass street-facing storefront and is just off the Esplanade in Chico.
The property includes a glass street-facing storefront and is just off the Esplanade in Chico.
Key Highlights
- 7,500‑square‑foot insulated metal building
- Two 3,750‑square‑foot suites, each with an office and bathroom
- Both suites are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,080
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,600
$921.6K
Cap Rate 7%
$658,286
$658.3K
Cap Rate 9%
$512,000
$512.0K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$72.9K $9.72/SF
− Vacancy
−$7.1K −$0.94/SF
EGI
$65.8K $8.78/SF
− OpEx
−$19.7K −$2.63/SF
NOI
$46.1K $6.14/SF
Area
Chico, CA
Vacancy
9.70%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,600
Cap Rate 7%
$658,286
Cap Rate 9%
$512,000
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,776 @ 7.0% cap · market cap 9.52%
Second Best
Industrial
$658.3K
$576.0K – $768.0K
NOI $46,080 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,001 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,837
Businesses Nearby
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
1031 exchange property - An insulated metal building is divided into two occupied suites, each with office and bathroom space.
Where is this 1031 exchange property located?
The property is located at 135 W 8th Chico, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 7,500‑square‑foot insulated metal building; Two 3,750‑square‑foot suites, each with an office and bathroom; Both suites are leased
